Interesting price action on the EUR

FX:EURUSD   Euro / U.S. Dollar
53 1 4
My observations on the EUR$ picked up something very outstanding on this currency pair. Note the behavior of price each time it breaks and retest a prior trend line . If the structure is indeed a triangle, then we are going to be in consolidation for quite some time before the down trend resumes. Currently price action could develop in many different ways, but ultimately I see it going down to test the lower trend line of the pattern before going up.

Related Ideas

EUR$ appeared to be rejected near the previous trend line. It also broke the minor down trend. Wait for bull or bear flag to form before taking any trade. A small move up is possible before the huge down move.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out